Jensen Huang dispels the myth of AI unemployment: it will not eliminate workers, but will create many new job opportunities

NVIDIA CEO Jensen Huang dismisses “AI doomsday” theories. He stresses that agentic AI will drive a thousandfold increase in compute demand, and says AI is a job-creating power plant that can help the United States reindustrialize by boosting productivity.

NVIDIA CEO Jensen Huang recently attended the “Global Conference 2026” AI-era panel hosted by the Milken Institute, an economic policy think tank. Addressing market concerns that artificial intelligence (AI) could trigger large-scale unemployment, Huang remains highly optimistic. He not only rebuts the “AI doomsday theory,” but also plainly states that AI is an important engine for driving U.S. reindustrialization and creating job opportunities. In addition, he revealed that the next wave of “agentic AI” will spur unprecedented GPU computing demand along with a surge in infrastructure investment.

Rise of Agentic AI! Will Drive a Thousandfold Increase in GPU Computing Demand

At the session, Huang emphasized that generative AI has already brought major changes worldwide. But the “agentic AI” to come will require 1,000 times more processing power than generative AI, which will cause the market’s demand for GPUs to keep surging. He noted that the AI industry is driven by new types of industrial facilities. The hardware produced by these facilities is a key infrastructure that the AI industry cannot do without. In building, manufacturing, and operating these facilities, society will inevitably face massive labor demand—just like other segments of the rapidly growing AI industry chain.

Debunking the Unemployment Myth: AI Improves Productivity, Instead of Replacing Workers

In response to concerns from outside that AI will cause large-scale unemployment, Huang stated clearly: “AI is a large-scale industrial-grade job-creating power generator.” When the moderator asked whether AI development happening too fast could lead to social disorder and worsening inequality, Huang explained that many people confuse “the purpose of work” with “work tasks.” Even if AI can automate and take over certain specific tasks, employees’ broader roles and core value within corporate organizations still exist. He stressed that AI’s main purpose is to boost productivity and accelerate scientific discovery—not simply to eliminate workers.

Jensen Huang: Overhyping the “AI Doomsday Theory” Will Hinder National Development

Beyond economic impacts, Huang also laid out a blueprint for AI’s applications across various professional fields. He proposed an open-source AI “swarm” concept for cybersecurity, and expects real-time AI analysis to completely upend medical diagnostic models. He also expressed concern about the U.S.’ hesitation in developing AI, believing that exaggerated sci-fi doomsday stories have frightened the public, leading people to fear—even refuse—to engage with AI. This could hinder the country’s leadership position in the field. To that end, he strongly advocates for responsible AI development and calls for cross-border cooperation on international safety standards.

Will AI Disrupt the Economy? The Job Market Still Needs Long-Term Verification

Although Huang downplays claims that AI has self-awareness and poses risks to human survival, debates in the market about AI’s long-term economic impact remain full of contention. Some critics point out that many doomsday narratives actually originate from the AI industry itself—used as gimmicks to generate hype and marketing buzz—while their real capabilities often fall short of what is being publicized.

Moreover, even though NVIDIA is confident about the job market that AI can create, some authoritative financial and academic institutions are more conservative. They indicate that in the coming years within the United States, up to 15% of job opportunities could disappear as AI becomes more widespread. The long-term real impact of AI on the overall economy and labor market still requires more time and further validation from the market.

• This article is reprinted with permission from: 《Chain News》
• Original title: 《Jensen Huang Dismisses the AI Doomsday Theory: The Future Will Create Large-Scale Emerging Employment Opportunities》
• Original author: Co2